Author Question: The time it takes for an additional dollar of net government expenditures to work its way through ... (Read 96 times)

ts19998 · **on:** Jun 29, 2018

The time it takes for an additional dollar of net government expenditures to work its way through the economy and have its full effect

A) is about one quarter of a year.
B) is between one and two years.
C) is not yet known precisely because little empirical research has been done on the question.
D) probably cannot be predicted from an examination of historical data.

Question 2

The effective owner of a resource is the person who

A) can appropriate the income that arises from selling the services of the resource.
B) enjoys physical possession of the resource.
C) has legal title to the resource.
D) has mixed the resource with individual effort to create private property.